Customers: Customers have needs and wants, and the company understands their requirements. The company should be able to understand, meet, and cater to the needs and demands of the customers rather than of its shareholders.
Competitors: The business needs to conduct a thorough competitive analysis in the market, figuring out who the direct competitors are and who the indirect competitors are. Finding out their core strengths, business strategies, values, objectives, sales strategies, marketing strategies, and other crucial facets is important to devising a plan to beat the competition and gain an advantage.
Company: The company should be genuinely interested in the customers, as doing so will automatically take care of the shareholders, profits, sales, and other crucial objectives of the business. The customer should always be at the focal point of every business aspect.
Social Media
The mark of a strong brand is when the entire public has the same understanding of what the brand means and what it stands for. In short, brand building has to work on building and reinforcing the collective understanding of the brand.